CMC Materials Completes Acquisition of International Test Solutions
April 01 2021 - 4:30PM
CMC Materials, Inc. (Nasdaq: CCMP), today announced that it has
completed its previously announced acquisition of International
Test Solutions. As a result of the acquisition, International
Test Solutions, LLC (ITS) is now a wholly-owned subsidiary of CMC
Materials.
The acquisition expands CMC Materials’ portfolio of critical,
enabling solutions that help solve its customers’ most demanding
challenges. With ITS’ superior combination of technical and
applications expertise, talented operations team, and global sales
and distribution network, CMC Materials is enhancing its leadership
in partnering with device manufacturers and foundries to design and
produce consumable, application-specific materials used to maximize
yield and throughput in the semiconductor manufacturing
process.
“ITS is a strong addition to our Electronic Materials business
segment with its combination of technology leadership and exposure
to attractive growth trends in the semiconductor industry,” said
David Li, President and CEO of CMC Materials. “We welcome the ITS
employees to our team and look forward to our future together.”
ABOUT CMC MATERIALS, INC.
CMC Materials, Inc., headquartered in Aurora, Illinois, is a
leading global supplier of consumable materials, primarily to
semiconductor manufacturers. The company’s products play a
critical role in the production of advanced semiconductor devices,
helping to enable the manufacture of smaller, faster and more
complex devices by its customers. CMC Materials, Inc. is also
a leading provider of performance materials to pipeline
operators. The company's mission is to create value by
delivering high-performing and innovative solutions that solve its
customers’ challenges. The company has approximately 2,100
employees globally. For more information about CMC Materials, Inc.,
visit www.cmcmaterials.com, or contact Colleen Mumford, Vice
President, Communications and Marketing, at 630-499-2600.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements, which
address a variety of subjects including, for example: the
acquisition of, investment in, or collaboration with other
entities, including the company’s acquisition of ITS, and the
expected benefits and synergies of such acquisitions; future sales
and operating results; growth or contraction, and trends in the
industries and markets in which the company participates such as
the semiconductor, and oil and gas, industries; divestment or
disposition, or cessation of investment in certain, of the
company’s businesses; new product introductions; development of new
products, technologies and markets; product performance; the
financial conditions of the company's customers; the competitive
landscape that relates to the company’s business; the company's
supply chain; natural disasters; various economic or political
factors and international or national events, including related to
global public health crises such as the COVID-19 pandemic, and the
enactment of trade sanctions, tariffs, or other similar matters;
the generation, protection and acquisition of intellectual
property, and litigation related to such intellectual property or
third party intellectual property; environmental, health and safety
laws and regulations, and related compliance; the operation of
facilities by the company; the company's management; foreign
exchange fluctuation; the company's current or future tax rate,
including the effects of changes to tax laws in the jurisdictions
in which the company operates; cybersecurity threats; financing
facilities and related debt, pay off or payment of principal and
interest, and compliance with covenants and other terms; and, uses
and investment of the company's cash balance, including dividends
and share repurchases, which may be suspended, terminated or
modified at any time for any reason by the company, based on a
variety of factors. Statements that are not historical facts,
including statements about CMC Materials’ beliefs, plans and
expectations, are forward-looking statements. Such statements are
based on current expectations of CMC Materials’ management and are
subject to a number of factors and uncertainties, which could cause
actual results to differ materially from those described in the
forward-looking statements. For information about factors that
could cause actual results to differ materially from those
described in the forward-looking statements, please refer to CMC
Materials’ filings with the Securities and Exchange Commission
(“SEC”), including the risk factors contained in CMC Materials’
Annual Report on Form 10-K for the fiscal year ended September 30,
2020. Except as required by law, CMC Materials undertakes no
obligation to update forward-looking statements made by it to
reflect new information, subsequent events or circumstances.
Source: CMC Materials
Colleen Mumford
Vice President, Communications and Marketing
CMC Materials, Inc.
(630) 499-2600
CMC Materials (NASDAQ:CCMP)
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